Government imposes anti dumping duty on ofloxacin import from china
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The government has imposed anti-dumping duty on import of Chinese pharma product, used in treatment of certain infections, to protect domestic producers from below-cost shipments.
Answer:New Delhi, Mar 19 (KNN) In order to protect domestic producers from below-cost shipments, India has imposed anti-dumping duty on import of Chinese pharma products that are being used in the treatment of certain infections.In a notification issued by the revenue department in the Finance Ministry it has been proposed that the duty on import of ‘Ofloxacin’ from china will be in the range of $2.58 to $9.48 per kilogram for 3 years.The anti-dumping duty has been imposed following the recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD).Aarti Drugs had approached the DGAD for initiation of anti-dumping investigation and imposition of the duty concerning imports of Ofloxacin, originating in or exported from China.After closely examining the imports, the authority came to conclusion that the product has been exported to India from China below its normal value that results in dumping.
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